The SAS Group Traffic figures December 2012

• SAS Group carried 1.8 million passengers in December, down 2.6%, reflecting
different holiday pattern.
• SAS Group’s capacity (ASK) was up by 3% and the Group’s traffic (RPK)
increased by 2.4%.
• The SAS Group’s load factor decreased by 0.5 p.u. to 69.5%.

Group market trends, RASK and yield development
Traffic growth continued to be positive during December, but did not fully match
additional capacity. Intercontinental and certain European continued to grow
well. Currency adjusted yield (Scandinavian Airlines) in November was down 0.1%
versus previous year and RASK was up 0.3%. For December 2012 the yield (change
vs last year) is expected to be positive while the RASK will be slightly
negative due to the different holiday pattern.
The response to market campaigns is good and forward booking levels continue to
be well above last year’s level. Overall, the market demand continues to be
good, but remains unpredictable due to risk in the global economy. This adds
uncertainty to the yield and RASK outlook going forward. The capacity increase
for the 2012/13 financial year is expected to be approximately 5-6%.